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Analyzing and preparing adjusting entries. Following are two income statements for Alexis Co. for the year ended December 31. The left column prepared before any

Analyzing and preparing adjusting entries.
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Following are two income statements for Alexis Co. for the year ended December 31. The left column prepared before any adjusting entries are recorded. and the right column includes the effects of adjusting entries. The Company records cash receipts and payments related lo unearned and prepaid items in balance sheet accounts. Analyze the statements and prepare the eight adjusting entries that likely were recorded

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